Gayatri Projects Limited has recorded an increase of 25.93% in its net profit for the first quarter of the existing year (2010-11).

During the period, the company registered a net profit of Rs 15.06 crore.

The Hyderabad-based Infrastructure company had a net profit of Rs 11.96 crore during the same period of 2009.

With the aim to strengthen its youth-centric services portfolio in the country, Virgin Mobile has announced the launching of Industry-first offering of 'Music Unlimited'.

As per the company's release, "This service is a milestone in the Indian Music Industry as this is the first time that users can access a massive music library across all genres for free."

Dealers at the Interbank Foreign Exchange (FOREX) stated that Indian currency gained three paise at 46.15 versus the US currency because of selling of the dollar by exporters.

The Indian unit gained 10 paise to 46.08 as against the Dollar and registered a 6-week high during the morning, on the back of growth in capital inflows and feeble US Dollar as compared to other currencies.

The Tea Board of the country does not project any tea production growth in the existing year (2010) because of unpredictable rains in the hills of northeastern India resulting in loss of crops.

The above declaration was made by Tea Board chairman Basudeb Banerjee on August 06.

The 30-share-index Sensex remained jerky during noon trade with other Asian bourses trading on mixed signs.

The Sensex, which belled the day at 18,165.49, was trading 52.15 points (0.29%) at 18,226.52 as against its last closure at 18,172.83.

At the National Stock Exchange (NSE), the broad-based Nifty gained 0.35% at 5,466.25.

The parliamentary standing group on health has asked the administration to be cautious about the selling out of major Indian pharmas to multinational corporations, whose growing hold on the drug market it said will make vital medications pricier.

BlackBerry makers have brought out a new smartphone featuring a touchscreen and slideout keyboard, which it anticipates will ward off rivalry from Apple's iPhone.

The new smartphone will hit the US market on Aug 12.

Priced at $199.99 along with a two-year agreement with AT&T, the new new BlackBerry Torch was launched in New York on Tuesday.

With the aim to strengthen its topline, JK Tyre and Industries plans to add up Rs 2,000 crore with the establishment of a new radial tyre facility in Sriperumbudur near Tamil Nadu from fiscal 2012-13 onwards.

The company's top company made this declaration.

Food and beverage giant Pepsi has made announcement about the launching of a new sugar-free cola in the Indian market.

Targeted at the 25-35 year age group, the newly launched cola is named as 'Pepsi Max.'

With the introduction of'Pepsi Max, the soft drinks maker aims to strengthen its market share in India, and to generate a new market section in the soft drink industry.

Spice Mobile has rolled out the double SIM mobile phone M-6 Sports for its Indian users.

Targeting youth as well as sports buffs, the new handset comes with a "Sports Zone", which has latest applications including Yahoo Tennis, Yahoo Sports and Yahoo Formula 1.